WAM Active Limited Stock Forecast
WAM Active Limited stock downgraded to Sell Candidate
(Updated on Jun 18, 2024)
The WAM Active Limited stock price fell by -1.19% on the last day (Tuesday, 18th Jun 2024) from $0.84 to $0.83. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.20% from a day low at $0.83 to a day high of $0.84. The price has fallen in 6 of the last 10 days and is down by -4.05% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -47 thousand shares and in total, 3 thousand shares were bought and sold for approximately $2.49 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect WAM Active Limited stock with a 90% probability to be traded between $0.766 and $0.91 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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WAA.AX Signals & Forecast
There are few to no technical positive signals at the moment. The WAM Active Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.86 and $0.84. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -8.79%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for WAM Active Limited stock
WAM Active Limited finds support from accumulated volume at $0.82 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0100 between high and low, or 1.20%. For the last week the stock has had daily average volatility of 1.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WAA.AX) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect WAM Active Limited to open at $0.83, and during the day (based on 14 day Average True Range), to move between $0.81 and $0.85, which gives a possible trading interval of +/-$0.0183 (+/-2.20%) up or down from last closing price. If WAM Active Limited takes out the full calculated possible swing range there will be an estimated 4.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.82 (1.20%) than the resistance at $0.85 (2.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is WAM Active Limited stock A Buy?
WAM Active Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.293 Sell Candidate Downgraded
Predicted Opening Price for WAM Active Limited of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| $0.83 ( 0.402%) | $0.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WAA.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.84 | 1.61% |
| R2 | 0.84 | 1.15% |
| R1 | 0.84 | 0.86% |
| Price | 0.83 | |
| S1 | 0.83 | -0.0586% |
| S2 | 0.83 | -0.343% |
| S3 | 0.82 | -0.80% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.88 | 6.02% |
| R2 | 0.86 | 3.61% |
| R1 | 0.85 | 2.41% |
| Price | 0.83 | |
| S1 | 0.82 | -1.20% |
| S2 | 0.81 | -3.01% |
| S3 | 0.795 | -4.22% |
WAA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 15, 2024 | Apr 15, 2024 | Apr 26, 2024 | $0.0300 | 3.75% |
| 2 | Oct 03, 2023 | Oct 03, 2023 | Oct 03, 2023 | $0.0300 | 4.11% |
| 3 | Apr 11, 2023 | Apr 11, 2023 | Apr 11, 2023 | $0.0300 | 4.00% |
| 4 | Oct 17, 2022 | Oct 17, 2022 | Oct 17, 2022 | $0.0300 | 3.70% |
| 5 | May 16, 2022 | May 16, 2022 | May 16, 2022 | $0.0300 | 3.06% |
FAQ
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